Major League Baseball is expected to quickly approve the $2 billion sale of the Los Angeles Dodgers because the buyers are paying in straight cash, Bill Shaikin of the LA Times reports.
This is great news for Dodgers fans.
It means the Dodgers will avoid the financial problems that come with heaping debt onto a newly bought team.
Previous Dodgers owner Frank McCourt torpedoed the franchise by putting the team in debt, and a few English Premier League teams (Manchester United and, previously, Liverpool) fell into financial disarray after their new owners took out loans to finance the deals.
Magic Johnson is the public face of the group, but Guggenheim Partners CEO Mark R. Walter is the real owner.
Watch more about the deal below:
Please follow Sports Page on Twitter and Facebook.
Join the conversation about this story »
See Also:
- REPORT: Group Led By Magic Johnson Buys Dodgers For $2 Billion
- New Dodgers TV Deal Could Be Worth $4 Billion
- SPORTS CHART OF THE DAY: The Dodgers' Value Has Increased More Than 500% Since 1998
bryce Salvador Wade Belak Martin Erat Marcel Goc Jamie Lundmark Nick Spaling
No comments:
Post a Comment